2020-09-17T12:10:32-05:00 2019-12-31 390859910 BAKER TILLY US LLP 225 S 6TH ST 2300 MINNEAPOLIS MN 55402 990 2019-01-01 650639567 SENIOR CARE COMMUNITIES INC SENI 6512876408 161 ST ANTHONY AVENUE NO 825 ST PAUL MN 55103 SUSAN LANDWEHR MARSHALL PRESIDENT AND TREASURER 6512876408 2020-08-26 1 LAWRENCE H MOHR CPA P00447603 6128764500 2020-08-26 38.88.188.75 2020-08-26 12:31:49 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 EDB264CAD7F9F6CD2E19D356927987B2A35A11B0 2019 2021-01-29 14:40:06Z SUSAN LANDWEHR MARSHALL 161 ST ANTHONY AVENUE NO 825 ST PAUL MN 55103 62630744 0 X WWW.SENIORCARECOMMUNITIES.ORG X 1995 DC TO DEVELOP AND MAINTAIN QUALITY AGED, HANDICAPPED, AND LOW AND MODERATE INCOME HOUSING AND SERVICES. 5 4 1047 235 0 0 90228 110214 59503067 61829464 546333 354696 438478 293398 60578106 62587772 91109 138982 0 0 27309433 28915292 0 0 0 32591943 32281831 59992485 61336105 585621 1251667 83403687 83580066 84849853 83774565 -1446166 -194499 X THE PRIMARY MISSION OF SENIOR CARE COMMUNITIES, INC. IS TO HOUSE AND CARE FOR SENIOR RESIDENTS IN A VARIETY OF SETTINGS INCLUDING RENTAL APARTMENTS, ASSISTED LIVING, LONG TERM NURSING, REHABILITATION FACILITIES AND MEMORY CARE UNITS. WE ARE ALSO COMMITTED TO SERVING OUR RESIDENTS, THEIR FAMILIES, AND THE BROADER COMMUNITY THROUGH PROGRAMMING, PARTNERSHIPS AND FUNDING OF CHARITABLE ENDEAVORS. 0 0 51587487 138982 61829464 SENIOR CARE COMMUNITIES, INC.'S PRIMARY MISSION IS TO HOUSE AND CARE FOR SENIOR RESIDENTS IN A VARIETY OF SETTINGS, INCLUDING RENTAL APARTMENTS, ASSISTED LIVING, LONG TERM SKILLED NURSING, REHABILITATION FACILITIES, AND MEMORY CARE UNITS. SENIOR CARE COMMUNITIES IS ALSO COMMITTED TO SERVING ITS RESIDENTS, THEIR FAMILIES, AND THE BROADER COMMUNITY THROUGH PROGRAMMING, PARTNERSHIPS, AND FUNDING FOR CHARITABLE ENDEAVORS. IN KEEPING WITH THAT MISSION, SENIOR CARE COMMUNITIES HAS MADE A SIGNIFICANT INVESTMENT IN REAL ESTATE WITH THE CAPACITY TO HOUSE THE ELDERLY, INCLUDING THE FOLLOWING PROPERTIES: THE WOODBURY SENIOR LIVING CAMPUS IN WOODBURY, MINNESOTA INCLUDES WOODBURY VILLA, A 75 UNIT INDEPENDENT AND ASSISTED LIVING COMMUNITY; WOODBURY ESTATES, A 64 UNIT ASSISTED LIVING COMMUNITY; AND WOODBURY HEALTH CARE CENTER, A 155-BED LICENSED SKILLED NURSING FACILITY. IN 2019, WOODBURY HEALTHCARE CENTER PROVIDED CARE FOR AN AVERAGE OF 135 RESIDENTS PER DAY, APPROXIMATELY 61% OF WHICH WERE IN THE LOW-INCOME CATEGORY, AS DEFINED BY THEIR ENROLLMENT IN THE MINNESOTA MEDICAL ASSISTANCE PROGRAM. THE FACILITY HAS 40 TRANSITIONAL CARE BEDS AVAILABLE, 12 OF WHICH ARE TRANSITIONAL CARE SUITES. IT ALSO HAS 52 MEMORY CARE BEDS. TRANSITIONAL CARE FOCUSES ON HIGHER ACUITY RESIDENTS REQUIRING INTENSIVE REHABILITATION SERVICES. IN 2019, THE FACILITY AVERAGED 36.2 TRANSITIONAL CARE RESIDENTS PER DAY. THE SERVICES THAT RESIDENTS RECEIVE IN THE TCU HELP THEM TO RETURN TO HOME OR TO A SETTING IN WHICH THEY CAN BE AS INDEPENDENT AS POSSIBLE. WOODBURY VILLA HOUSED AND PROVIDED SERVICES TO APPROXIMATELY 73 RESIDENTS PER DAY IN 2019, WITH AN ESTIMATED 43% OF THE TENANTS IN THE LOW-INCOME CATEGORY. WOODBURY ESTATES HOUSED AND PROVIDED SERVICES TO APPROXIMATELY 61 TENANTS PER DAY. 11 LOW-INCOME RESIDENTS ARE INCLUDED.BIRCHWOOD SENIOR LIVING CAMPUS IN FOREST LAKE, MINNESOTA INCLUDES BIRCHWOOD ARBORS, A 46 UNIT ASSISTED LIVING COMMUNITY AND BIRCHWOOD HEALTH CARE CENTER, A 100-BED SKILLED NURSING FACILITY.IN 2019, BIRCHWOOD HEALTHCARE CENTER CARED FOR AN AVERAGE OF 85 RESIDENTS PER DAY WITH OVER 68% OF THAT POPULATION IN THE LOW-INCOME CATEGORY. THE PROPERTY HAS A 20-BED REHABILITATION UNIT AND A 32-BED MEMORY CARE UNIT. BIRCHWOOD ARBORS HOUSED AND PROVIDED SERVICES TO APPROXIMATELY 43 RESIDENTS PER DAY WITH AN ESTIMATED 63% IN THE LOW-INCOME CATEGORY. PROVIDENCE PLACE IN MINNEAPOLIS, MINNESOTA IS A 190-BED SKILLED NURSING FACILITY. IN 2019, PROVIDENCE PLACE PROVIDED CARE FOR AN AVERAGE OF 171 RESIDENTS PER DAY WITH APPROXIMATELY 68% OF THE POPULATION IN THE LOW-INCOME CATEGORY. THE 34-BED TRANSITIONAL CARE UNIT (TCU), WHICH FOCUSES ON HIGHER ACUITY RESIDENTS REQUIRING INTENSIVE REHABILITATION SERVICES, AVERAGED 23.9 RESIDENTS PER DAY. THE SERVICES THAT RESIDENTS RECEIVE IN THE TCU HELP THEM TO RETURN TO HOME OR TO A SETTING IN WHICH THEY CAN BE AS INDEPENDENT AS POSSIBLE. THE PROPERTY ALSO HAS TWO UNITS DEDICATED TO MEMORY CARE, ONE OF WHICH IS AN ALL FEMALE UNIT. THE WATERS OF HIGHLAND PARK IS AN 84-UNIT SENIOR LIVING COMMUNITY WITH 54 SENIOR LIVING APARTMENTS AND 30 APARTMENTS DEDICATED TO MEMORY AND ENHANCED CARE. THE COMMUNITY WAS AT 97.6 % OCCUPANCY AS OF 12/31/2019. THIS COMMUNITY HAS A STRONG FOCUS ON HOSPITALITY AND A WHOLE-PERSON CENTERED APPROACH TO WELLNESS. THE WATERS OF HIGHLAND PARK OFFERS A VARIETY OF PROGRAM OPTIONS FOR SENIORS AND THEIR FAMILIES.SENIOR CARE COMMUNITIES, INC. HAS VERY ACTIVE AND SUCCESSFUL VOLUNTEER PROGRAMS AT EACH OF ITS PROPERTIES. OVER 235 INDIVIDUALS DONATED APPROXIMATELY 5,674 HOURS OF SERVICE ON AN ANNUAL BASIS. VOLUNTEERS PERFORM MANY VALUABLE SERVICES FOR THE RESIDENTS AT SENIOR CARE COMMUNITIES PROPERTIES. UPON VISITING A PROPERTY, ONE WOULD SEE VOLUNTEERS PLAYING GAMES WITH RESIDENTS, READING TO RESIDENTS, HOSTING ICE CREAM SOCIALS, SINGING OR PLAYING MUSICAL INSTRUMENTS, TAKING RESIDENTS ON OUTINGS, AND PARTICIPATING IN MANY OTHER FUN ACTIVITIES. VOLUNTEERS OFTEN ESCORT NEW RESIDENTS TO THE DINING ROOM FOR THEIR FIRST MEAL IN A NEW SETTING AND HELP THEM BECOME ACQUAINTED WITH OTHER RESIDENTS. SENIOR CARE COMMUNITIES, INC. IS VERY APPRECIATIVE OF ALL THE SERVICES THAT VOLUNTEERS PROVIDE. MANY LOCAL HIGH SCHOOL GROUPS ARE ON CAMPUS PROVIDING EVENTS AND PERFORMANCES ON A REGULAR BASIS, FULFILLING SCC'S COMMITMENT TO INTERGENERATIONAL PROGRAMMING. THESE DONATED SERVICES HELP TO PROVIDE RESIDENTS WITH A HIGHER LEVEL OF PERSONALIZED ATTENTION, AS WELL AS EXPOSURE TO THE ENERGY AND INTEREST OF COMMUNITY YOUTH. SENIOR CARE COMMUNITIES IS COMMITTED TO SUPPORTING THE WELLBEING OF RESIDENTS. STAFF CAREFULLY CREATE OPPORTUNITIES FOR RESIDENTS TO EXPAND GENERAL FITNESS, STRENGTH, AND FLEXIBILITY THROUGH MOVEMENT AND BREATHING CLASSES LED BY CERTIFIED INSTRUCTORS. PROFESSIONALS LEAD RESIDENTS THROUGH MEDITATION, STORYTELLING, AND OTHER EXPERIENCES TO ASSIST THEM IN GAINING PEACE, RELAXATION, AND PERSPECTIVES WHICH SUPPORT AND EXPAND THEIR CURRENT LIFESTYLE. SEVERAL PROPERTIES ENGAGE RESIDENTS IN GROWING FRESH VEGETABLES UTILIZING INDOOR TOWER GARDENS WITH HYDROPONIC TECHNOLOGY. TECHNOLOGY IS ALSO UTILIZED TO SUPPORT SENSORY AND PSYCHOLOGICAL WELLBEING. THE OSBORN CLOSED CABLE SYSTEM DELIVERS COMMUNICATION UPDATES AND EDUCATION TO RESIDENTS AND THE C.A.R.E CHANNEL OFFERS A CONTINUOUS FLOW OF VIDEOS CAPTURING NATURE SCENES COMBINED WITH RELAXING INSTRUMENTAL MUSIC.CONTEMPLATIVE ART MEDIUMS SUCH AS MOSAIC GLASS ART, SCULPTURE, WATERCOLOR, AND PERSONAL COLLAGE CREATION ARE FACILITATED BY TALENTED ARTISTS FROM THE TWIN CITIES ART COMMUNITY. CONTEMPLATIVE ART ACTIVITIES OFTEN BRING HEALING, MEANING, AND ACCEPTANCE TO THE LIFE STAGE THROUGH WHICH RESIDENTS ARE NAVIGATING. SENIOR CARE COMMUNITIES ALSO SPONSORS AND COLLABORATES WITH OTHER COMMUNITY ORGANIZATIONS. FOR EXAMPLE, WOODBURY SENIOR LIVING HOSTED "WOMEN, ARTS, AND AGING" IN 2019, A PUBLIC EVENT FEATURING A PRESENTATION BY A LOCAL ARTIST AND GERONTOLOGIST.CERTIFIED MUSIC THERAPISTS LEAD PURPOSEFUL AND INTERACTIVE SESSIONS WITH RESIDENTS TO PROVIDE LINKS TO MEMORIES, IMAGINATION, CREATIVITY, AND ENTERTAINMENT. ACTIVITIES SUCH AS DRUMMING INCLUDE MOVEMENT, SENSORY ACTIVATION, AND A SENSE OF CONNECTION TO OTHERS. THE EMPHASIS ON MUSIC AND THE ARTS AS AN AVENUE TO STIMULATE BRAIN FUNCTION HAS BEEN BUILT AROUND EVIDENCE-BASED RESEARCH ON AGING AND DEMENTIA.SCC'S NURSING STAFF, UNDER THE DIRECTION OF A HIGHLY TRAINED DOCTORAL NURSE AND OTHERS WITH CERTIFICATIONS IN INTEGRATIVE THERAPY, HAVE TRAINED STAFF ACROSS ALL CAMPUSES. WITH THIS MENTORING, STAFF ARE ABLE TO UTILIZE HEALING MODALITIES WITH RESIDENTS SUCH AS MASSAGE, AROMATHERAPY, IMAGERY AND VISUALIZATION, AND MEDITATION. STAFF ARE PROVIDED OPPORTUNITIES TO EXPERIENCE THESE PRACTICES AS THEY ADMINISTERED BY THE LEAD INTEGRATIVE CARE TEAM MEMBERS. THIS EXPERIENTIAL LEARNING INSURES THAT STAFF DEVELOP APPRECIATION FOR THE VALUE OF THIS PROMISING STANDARD OF CARE IN ADDRESSING PAIN, NAUSEA AND ANXIETY TO IMPROVE THE LIVES OF RESIDENTS TO IMPROVE THE LIVES OF RESIDENTS. SENIOR CARE COMMUNITIES RECOGNIZES AND IS COMMITTED TO THE SPIRITUAL HEALTH AND WELL BEING OF ALL ITS RESIDENTS AND TEAM MEMBERS. SENIOR CARE COMMUNITIES PROVIDES FUNDING FOR CHAPLAINS AT ALL OF THE COMMUNITIES. CHAPLAINS PROVIDE VISITATION, WORSHIP, AND EDUCATION EXPERIENCES. IN EACH PROPERTY, WEEKLY NON-DENOMINATIONAL WORSHIP SERVICES ARE PROVIDED FOR ALL RESIDENTS. THE BOARD ALSO PROVIDES STIPENDS FOR CATHOLIC PARISHES TO PROVIDE PRIESTS FOR MASS. IN EACH PROPERTY SETTING SEVERAL FAITH COMMUNITIES PROVIDE VOLUNTEERS FOR WEEKLY PROGRAMMING THAT IS INNOVATIVE AND RELATIONAL. VOLUNTEERS PROVIDE: WISDOM/LEGACY CIRCLES, BIBLE STUDIES, HYMN SINGING, INTERGENERATIONAL LEARNING WITH CHILDREN AND YOUTH. IN EACH PROPERTY OUR SPIRITUAL SERVICES TEAM PROVIDES COMPREHENSIVE END-OF-LIFE CARE TO SUPPORT BOTH RESIDENTS AND FAMILIES. 51587487 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 104 0 1047 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 5 4 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X TRICIA HICKEY - TWSL LLC 9528881974 7400 WEST 109TH STREET BLOOMINGTON MN 55438 SUSAN LANDWEHR MARSHALL PRESIDENT & TREASURER 6.00 X X 30000 0 0 RICHARD H MARTIN SECRETARY 5.00 X X 18000 0 0 SANDRA L HESSE VICE PRESIDENT 1.00 X X 5000 0 0 JIM MONTEZ DIRECTOR 1.00 X 0 0 0 JOHN MARSHALL DIRECTOR 1.00 X 0 0 0 GREG BROWN CFO/MANAGEMENT AGENT 10.00 X 0 0 0 MICHAEL KAREL EXECUTIVE DIRECTOR - THE WATERS 40.00 X 162621 0 28171 NWAEMELE NDUBISI REGISTERED NURSE 66.29 X 157239 0 7082 TYLER DONAHUE EXECUTIVE DIRECTOR - FOREST LAKE 40.00 X 143892 0 27238 ROSE EKOBENA REGISTERED NURSE 63.30 X 146811 0 14289 DOROTHY AKANWA REGISTERED NURSE 63.73 X 138975 0 11114 802538 0 87894 16 0 1 0 AEGIS THERAPIES INC 1000 BEVERLY WAY FORT SMITH AZ 72919 THERAPY SERVICES 4042947 CURA HOSPITALITY LLC 300 SOUTH TRYON STREET STE 400 CHARLOTTE NC 28202 DIETARY SERVICES 2885851 TWSL LLC 7400 WEST 109TH STREET BLOOMINGTON MN 55438 HEALTHCARE MANAGEMENT 2798822 A'VIANDS LLC 1751 COUNTY ROAD B W STE 300 ROSEVILLE MN 55113 DIETARY SERVICES 2411983 HEALTHCARE SERVICES GROUP INC 3220 TILLMAN DRIVE STE 300 BENSALEM PA 19020 HOUSEKEEPING SERVICES 2018244 18 110214 110214 RESIDENT SERVICES 623000 61829464 61829464 61829464 359869 359869 8560 0 8560 8560 8560 5173 -5173 -5173 -5173 7057 110214 37799 -30742 -30742 MISCELLANEOUS REVENUE 623000 315580 315580 315580 62587772 61829464 0 648094 X 82693 82693 56289 56289 53000 53000 24857010 22568473 2288537 2101418 1907945 193473 1903864 1533183 370681 3104096 17682 3086414 182446 182446 137409 137409 12484325 11933004 551321 207814 207814 2724750 1862521 862229 104373 104373 2867352 2064824 802528 24831 24831 144178 131702 12476 3490958 3314170 176788 3706819 3478978 227841 627670 627670 MEDICAL SURCHARGE 1290208 1290208 PROVISION FOR BAD DEBTS 779140 496 778644 LICENSES 182826 182826 DUES & SUBSCRIPTIONS 109243 109243 113393 113393 61336105 51587487 9748618 0 5349863 7751425 3234650 3478038 6494761 5584941 500000 500000 666670 544053 94921547 39087183 57072963 55834364 4178160 4062520 5906620 5824725 83403687 83580066 7470086 7251084 38355009 37980491 150662 152342 38307737 37756970 566359 633678 84849853 83774565 X -1508698 -280214 62532 85715 -1446166 -194499 83403687 83580066 1251667 0 X X 0 1 X 1 1 1 X 181795 275037 293123 90228 110214 950397 56120218 51751039 53189889 59503067 61829464 282393677 5406 4859 9517 9005 7057 35844 56307419 52030935 53492529 59602300 61946735 283379918 0 0 0 283379918 221467 570932 187245 559638 368429 1907711 221467 570932 187245 559638 368429 1907711 1194256 6687444 254010 459467 315580 8910757 57723142 59289311 53933784 60621405 62630744 294198386 0.96320 0.96230 0.00650 0.00610 X SCHEDULE A, PART III, LINE 12 EXPLANATION FOR OTHER INCOME: MISCELLANEOUS REVENUE INVESTMENT DISTRIBUTION (2016 ONLY) RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 5858557 5858557 78332054 32192194 46139860 10621501 6894989 3726512 109435 109435 55834364 RESIDENT TRUST FUND 152342 ESCROW DEPOSITS 623429 REPLACEMENT RESERVE 1355921 RESIDUAL RECEIPTS RESERVE 1800568 FUNDS HELD UNDER BOND INDENTURE 1892465 5824725 DEFERRED RENT 605455 BOND FEES PAYABLE -2973 UNCLAIMED PROPERTY 15395 CAPITAL LEASE OBLIGATION 15801 633678 X PART IV, LINE 2B: THE RESIDENT TRUST FUNDS ARE PATIENT PERSONAL FUNDS THAT ARE HELD BY THE FACILITY. THE FUNDS BELONG TO THE RESIDENTS AND FACILITY MAINTAINS DETAIL ON DEPOSITS/WITHDRAWALS PER MN DHS GUIDELINES. THE SECURITY DEPOSITS ARE HELD AS DEPOSITS BY SCC WHILE THEY ARE HOLDING THEM. PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE THAT THE ORGANIZATION EVALUATE TAX POSITIONS AND RECOGNIZE A LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN TAX POSITION THAT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAX AUTHORITIES. THE ORGANIZATION HAS ANALYZED ITS TAX POSITIONS, AND CONCLUDED THAT AS OF DECEMBER 31, 2019 AND 2018 THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDIT BY TAX AUTHORITIES, HOWEVER THERE ARE CURRENTLY NO AUDITS FOR ANY OPEN TAX PERIODS IN PROGRESS. GOLF TOURNAMENT 117271 110214 7057 10541 10939 13214 3105 117271 110214 7057 10541 10939 13214 3105 37799 -30742 1 NORMANDALE MINISTRY FOR HEALING AND WHOLENESS 6100 NORMANDALE ROAD EDINA MN 554362633 411959179 501(C)(3) 35000 GENERAL OPERATIONS BAKKEN CENTER FOR SPIRITUALITY AND HEALTH (UNIVERSITY OF MINNESOTA) 420 DELAWARE ST SE MINNEAPOLIS MN 55455 416007513 501(C)(3) 11500 GENERAL OPERATIONS 2 SCHOLARSHIPS 36 56289 PART I, LINE 2: EMPLOYEE SCHOLARSHIPS AND GRANTS ARE PAID DIRECTLY TO THE EDUCATIONAL INSTITUTION UPON RECEIPT OF A LETTER OF ACCEPTANCE OR AN INVOICE. FOR GRANTS TO OTHER ORGANIZATIONS, SENIOR CARE COMMUNITIES DOES NOT HAVE A FORMAL MONITORING PROCESS. X 0 0 0 0 0 0 0 0 0 MICHAEL KAREL EXECUTIVE DIRECTOR - THE WATERS 162621 0 0 0 0 0 19000 0 9171 0 190792 0 0 0 NWAEMELE NDUBISI REGISTERED NURSE 157239 0 0 0 0 0 0 0 7082 0 164321 0 0 0 TYLER DONAHUE EXECUTIVE DIRECTOR - FOREST LAKE 143892 0 0 0 0 0 19000 0 8238 0 171130 0 0 0 ROSE EKOBENA REGISTERED NURSE 146811 0 0 0 0 0 0 0 14289 0 161100 0 0 0 DOROTHY AKANWA REGISTERED NURSE 138975 0 0 0 0 0 0 0 11114 0 150089 0 0 0 PART I, LINE 3: THE OFFICERS RECEIVE MINIMAL COMPENSATION FOR THEIR SERVICES TO SENIOR CARE COMMUNITIES, INC. DETERMINATION OF THEIR COMPENSATION IS BASED ON THE AMOUNT OF TIME DEDICATED TO THE ORGANIZATION IN THE PRIOR YEAR AND INCLUDES REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION. THIS PROCESS WAS LAST UNDERTAKEN FOR ALL OFFICERS IN 2019. A HOUSING AND REDEVELOPMENT AUTHORITY OF THE CITY OF SAINT PAUL MINNESOTA 521440935 85233KAB1 2014-08-13 21935000 ACQUISITION OF PROPERTY 0 0 0 B WASHINGTON COUNTY COMMUNITY DEVELOPMENT AGENCY 411408079 93778CAD0 2016-08-19 17685000 REFINANCE SERIES 2007 BONDS 0 0 0 A 1701089 21935000 969500 418700 515000 20031800 2015 0 0 1 1 B 455000 17685000 1146806 15924477 348200 265516 2016 1 1 1 1 A 1 0 0 0 0 0 1 B 1 0 0 0 0 0 1 A 0 0 0 1 1 0 0 1 1 B 0 1 0 0 0 0 0 0 1 A 0 B 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: HOUSING AND REDEVELOPMENT AUTHORITY OF THE CITY OF SAINT PAUL, DATE THE REBATE COMPUTATION WAS PERFORMED: 09/25/2019 SCHEDULE K, PART IV, LINE 6, COLUMN A: 2-YEAR SPENDING EXCEPTION: THE ARBITRAGE RULES PROVIDE AN EXCEPTION FROM THE REBATE REQUIREMENTS FOR AVAILABLE CONSTRUCTION PROCEEDS IF AT LEAST 75% OF SUCH PROCEEDS ARE USED FOR CONSTRUCTION PURPOSES AND IF SUCH PROCEEDS ARE ALLOCATED TO EXPENDITURES FOR A GOVERNMENTAL PURPOSE OF THE ISSUE IN ACCORDANCE WITH THE FOLLOWING SPENDING CRITERIA: (A) AT LEAST 10% OF THE AVAILABLE CONSTRUCTION PROCEEDS WERE SPENT WITHIN SIX MONTHS AFTER THE DATE OF ISSUE; (B) 45% OF SUCH PROCEEDS WERE SPENT WITHIN ONE YEAR; (C) 75% OF SUCH PROCEEDS WERE SPENT WITHIN 18 MONTHS; AND (D) 100% OF SUCH PROCEEDS WERE SPENT WITHIN TWO YEARS. THE 100% EXPENDITURE REQUIREMENT WITHIN TWO YEARS IS TREATED AS MET IF A REASONABLE RETAINAGE AMOUNT, NOT TO EXCEED 5%, IS SPENT WITHIN THREE YEARS AFTER THE DATE OF ISSUE. DURING A PRIOR REPORTING PERIOD, AVAILABLE GROSS PROCEEDS OF THE ISSUE ALLOCATED TO EXPENDITURES FOR A GOVERNMENTAL PURPOSE WERE NOT EXPENDED IN ACCORDANCE WITH THE SPENDING CRITERIA ABOVE. THEREFORE, THE ISSUE HAS FAILED TO QUALIFY FOR THE 2-YEAR SPENDING EXCEPTION AND HAS BEEN INCLUDED IN THE EXCESS EARNINGS CALCULATIONS FOR REBATE. THE SERIES 2014A NOTE IS A DRAW-DOWN NOTE AND AS SUCH, THERE ARE NO EXCESS EARNINGS RELATED TO THIS PORTION OF THE OBLIGATION. TEMPORARY PERIOD: THE NET SALE PROCEEDS AND INVESTMENT PROCEEDS OF AN ISSUE REASONABLY EXPECTED TO BE ALLOCATED TO EXPENDITURES FOR CAPITAL PROJECTS QUALIFY FOR A TEMPORARY PERIOD OF THREE YEARS BEGINNING AT THE ISSUE DATE. PROCEEDS NOT EXPENDED DURING A TEMPORARY PERIOD BECOME SUBJECT TO YIELD RESTRICTION AT THE BOND YIELD PLUS 0.125% (ONE-EIGHTH PERCENT) THREE YEARS AFTER THE DATE OF ISSUE. THERE ARE NO EXCESS EARNINGS ATTRIBUTABLE TO YIELD RESTRICTION OF PROCEEDS FOR THE REPORTING PERIOD SINCE ALL DISBURSED PROJECT FUNDS WERE EXPENDED WITHIN THE TEMPORARY PERIOD. A FINAL DRAW ON THE SERIES 2014A NOTE WAS MADE FOLLOWING THE END OF THE TEMPORARY PERIOD; HOWEVER, THERE ARE NO EXCESS EARNINGS ATTRIBUTABLE SINCE PROCEEDS WERE EXPENDED AS OF THE SEPTEMBER 8, 2017 DRAW DATE. TWSL LLC MAJOR CONTRIBUTOR 2798822 HEALTHCARE MANAGEMENT SERVICES 0 THE WATERS SENIOR LIVING MAJOR CONTRIBUTOR 290340 HEALTHCARE MANAGEMENT SERVICES 0 FORM 990, PART VI, SECTION A, LINE 3 SENIOR CARE COMMUNITIES DELEGATED CONTROL OVER MANAGEMENT DUTIES TO TWSL, LLC AND THE WATERS SENIOR LIVING. FORM 990, PART VI, SECTION B, LINE 11B THIS FORM WAS SENT OUT ELECTRONICALLY TO ALL BOARD MEMBERS WHO REVIEW AND APPROVED THE FORM VIA ELECTRONIC VOTING PROCESS. FORM 990, PART VI, SECTION B, LINE 12C SR. CARE COMMUNITIES APPROVED THE FOLLOWING CONFLICT OF INTEREST POLICY ON 5/7/2009. THE FOLLOWING PERSONS ARE "KEY PERSONS" FOR THE PURPOSES OF THE CONFLICT OF INTEREST POLICY: A MEMBER OF THE BOARD OF DIRECTORS, A MEMBER OF A COMMITTEE WITH POWERS DELEGATED BY THE BOARD OF DIRECTORS, AN OFFICER OF THE CORPORATION, A FAMILY MEMBER DEFINED AS A SPOUSE, PARENT, CHILD, SIBLING OR SPOUSE OF A SIBLING. PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST. ONCE A POTENTIAL CONFLICT OF INTEREST HAS BEEN DISCLOSED: THE KEY PERSON MAY MAKE A PRESENTATION AT THE BOARD OR COMMITTEE MEETING AT WHICH THE TRANSACTION WILL BE DISCUSSED, BUT AFTER SUCH PRESENTATION, HE OR SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. THE BOARD OR COMMITTEE SHALL, IF APPROPRIATE, OBTAIN AND RELY ON APPROPRIATE DATA AS TO COMPARABILITY PRIOR TO MAKING ITS DECISION WHETHER OR NOT TO PARTICIPATE IN THE PROPOSED TRANSACTION OR ARRANGEMENT. THE CHAIR OF THE BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. THE BOARD OR COMMITTEE SHALL USE DUE DILIGENCE TO DETERMINE WHETHER THE CORPORATION CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. AFTER CONSIDERATION, THE BOARD OR COMMITTEE MAY DETERMINE THAT A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF SO, THE BOARD OR COMMITTEE MAY DECIDE, BY A MAJORITY VOTE, TO ENTER INTO A TRANSACTION INVOLVING A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE OFFICERS RECEIVE MINIMAL COMPENSATION FOR THEIR SERVICES TO SENIOR CARE COMMUNITIES, INC. DETERMINATION OF THEIR COMPENSATION IS BASED ON THE AMOUNT OF TIME DEDICATED TO THE ORGANIZATION IN THE PRIOR YEAR AND INCLUDES REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION. THIS PROCESS WAS LAST UNDERTAKEN FOR ALL OFFICERS IN 2019. FORM 990, PART VI, SECTION C, LINE 18 THE 990 IS AVAILABLE UPON REQUEST OR AT WWW.GUIDESTAR.ORG WHILE OTHER DOCUMENTS ARE ONLY AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE ON REQUEST. FORM 990, PART IX, LINE 11G MEDICAL AND PATIENT SERVICES: PROGRAM SERVICE EXPENSES 11,576,351. MANAGEMENT AND GENERAL EXPENSES 551,321. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,127,672. REGISTRY: PROGRAM SERVICE EXPENSES 356,653. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 356,653. FORM 990, PART XII, LINE 2C: NEITHER THE OVERSIGHT PROCESS NOR THE SELECTION PROCESS OF THE INDEPENDENT ACCOUNTANT CHANGED DURING THE TAX YEAR. SENIOR CARE PROVIDENCE LLC 370 23RD AVENUE SOUTH MINNEAPOLIS MN 55407 260429826 SKILLED NURSING DE 19609372 17139290 SENIOR CARE COMMUNITIES INC SENIOR CARE FOREST LAKE LLC 604 NE FIRST STREET FOREST LAKE MN 55025 208316264 SKILLED NURSING AND ASSISTED LIVING DE 12014135 12069190 SENIOR CARE COMMUNITIES INC SENIOR CARE WOODBURY LLC 7012 LAKE DRIVE WOODBURY MN 55125 208316216 SKILLED NURSING AND ASSISTED LIVING DE 24871281 26650407 SENIOR CARE COMMUNITIES INC THE WATERS OF HIGHLAND PARK LLC 678 SNELLING AVENUE S ST PAUL MN 55116 471154954 ASSISTED LIVING MN 5684711 18482152 SENIOR CARE COMMUNITIES INC THE WATERS OF EDEN PRAIRIE INVESTORS LLC 1600 HOPKINS CROSSROAD MINNETONKA MN 55305 474586845 ASSISTED LIVING MN N/A RELATED 391037 7213807 0 0 0.71510 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 THE WATERS OF EDEN PRAIRIE INVESTORS LLC S 214538 CASH (DISTRIBUTIONS)